Director Dealings

RNS Number : 9516O

Horizonte Minerals PLC

27 September 2011

 



Horizonte Minerals plc / Index: AIM / Epic: HZM / Sector: Mining

27 September 2011

Horizonte Minerals plc ('Horizonte' or 'the Company')

 Director Dealings

Horizonte, the AIM and TSX quoted exploration and development company focused in Brazil, was notified today that Jeremy Martin, CEO of Horizonte, has purchased 125,000 ordinary shares in the Company ('Ordinary Shares') on the date of notification at a price of £0.12 pence per share.  As a result, Jeremy Martin has an interest in 618,571 Ordinary Shares, representing 0.22% of the Company's issued share capital.

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For further information visit www.horizonteminerals.com or contact:

Jeremy Martin	Horizonte Minerals plc	Tel: [phone]
David Hall	Horizonte Minerals plc	Tel: [phone]
Dominic Morley	Panmure Gordon (UK) Limited (Nomad and Broker)	Tel: [phone]
Joanna Weaving	finnCap Ltd (Joint Broker)	Tel: [phone]
Felicity Edwards	St Brides Media & Finance Ltd (PR)	Tel: [phone]

Notes

Horizonte Minerals Plc is an AIM and TSX quoted exploration and development company with a portfolio of nickel and gold projects in the Carajas District of Brazil.  The Company is focused on creating value by generating and rapidly advancing exploration projects in tandem with joint ventures with major mining companies, providing mid-term cash flow which is then used to develop the business and pipeline projects.

Horizonte has two committed major mining partners: Teck Resources Limited, a major strategic shareholder in the Company, and AngloGold Ashanti Holdings plc, a JV partner on the gold portfolio.

Horizonte owns 100 per cent of the advanced Araguaia nickel project located to the south of the Carajas mineral district of northern Brazil; the project has the potential to deliver a resource with size and grades comparable to other world-class projects in northern Brazil

In addition Horizonte acquired the Lara Exploration Vila Oito project which has a non compliant potential resource of 10 to 11 Mt grading 1.3 to 1.4% Ni further consolidating the greater Araguaia district.

Horizonte is well funded to accelerate the development of its core projects.

 

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